{"id":663563,"date":"2025-04-12T21:06:46","date_gmt":"2025-04-13T01:06:46","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=663563"},"modified":"2025-04-12T21:15:34","modified_gmt":"2025-04-13T01:15:34","slug":"always-anticipate-the-worst","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2025\/04\/12\/always-anticipate-the-worst\/","title":{"rendered":"Always anticipate the worst"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">It\u00e2\u20ac\u2122s been said that I believe in the power of positive<br>thinking. In fact, I believe in the power of negative thinking. I<br>happen to be very conservative in business. I always go into<br>the deal anticipating the worst.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Be very Conservative in business<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00ef\u00bf\u00bcIf you plan for the worst\u00e2\u20ac\u201dif<br>you can live with the worst\u00e2\u20ac\u201dthe good will always take care of<br>itself.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The only time in my life I didn\u00e2\u20ac\u2122t follow that rule was<br>with the USFL. I bought a losing team in a losing league on a<br>long shot. It almost worked, through our antitrust suit, but<br>when it didn\u00e2\u20ac\u2122t, I had no fallback. The point is that you can\u00e2\u20ac\u2122t<br>be too greedy. If you go for a home run on every pitch,<br>you\u00e2\u20ac\u2122re also going to strike out a lot. I try never to leave myself<br>too exposed, even if it means sometimes settling for a triple, a<br>double, or even, on rare occasions, a single.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">DON\u00e2\u20ac\u2122t BE TOO GREEDY<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Keep your exposure lower<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Risk reduction<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">My choice was whether to keep all the risk myself, and own<br>100 percent of the casino, or settle for a 50 percent stake<br>without putting up a dime. It was an easy decision.<br>Barron Hilton, by contrast, took a bolder approac<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Castle<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Maximize your options<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Better to take business advice from a personal actually a successful businessman<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Half a dozen approaches<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Don\u00e2\u20ac\u2122t spend too much time Feeling sorry for yourself \u00ef\u00bf\u00bc, know when to pivot<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Know your market<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Random surveys<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Terrible failures<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">very few of them have is any feeling for<br>what the public wants. Which is why, if these critics ever tried<br>to become developers, they\u00e2\u20ac\u2122d be terrible failures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Use your leverage<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin: the best location is cyber<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Enhance your location<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Never pay too much<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">My point is that the real money isn\u00e2\u20ac\u2122t made in real estate by<br>spending the top dollar to buy the best location. You can get<br>killed doing that, just as you can get killed buying a bad<br>location, even for a low price. What you should never do is<br>pay too much, even if that means walking away from a very<br>good site. Which is all a more sophisticated way of looking at<br>locat<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The more sensational The Better<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Promote bravado &#8211;&gt; play to their fantasies!\u00ef\u00bf\u00bc<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Truthful hyperbole ***<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u00e2\u20ac\u2122s been said that I believe in the power of positivethinking. In fact, I believe in the power of negative thinking. Ihappen to be very conservative in business. I always go intothe deal anticipating \u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_ek_photo_artist_note":"","_ek_photo_thesis":"","_ek_photo_camera":"","_ek_photo_place":"","_ek_photo_human_moment":"","_ek_photo_sequence":"","_ek_photo_question":"","_ek_photo_canonical_claim":"","_ek_photo_ai_summary":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-663563","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/663563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=663563"}],"version-history":[{"count":1,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/663563\/revisions"}],"predecessor-version":[{"id":663564,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/663563\/revisions\/663564"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=663563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=663563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=663563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}